The firm operates in an equal-GP model with four partners distributed across Berlin, London, Paris, and Zurich. AI has accounted for about 45% of Fly’s investments, with vertical applications and industrial tech taking up 35%, and dev tools/infrastructure taking up 20%. Its portfolio includes clinical trials marketplace Inato, anti-money-laundering startup Salv, cybersecurity startup GitGuardian, and Wayve, which recently raised $1.05B in a Series C round led by SoftBank for autonomous driving with self-learning technology.
Key takeaways:
- Fly Ventures, a Berlin-based VC firm, has launched its third fund at €80 million, focusing on seed-stage European startups within enterprise and deep tech.
- The firm operates in an equal-GP model with four partners distributed across Berlin, London, Paris, and Zurich.
- AI has accounted for about 45% of Fly’s investments, with vertical applications and industrial tech taking up 35%, and dev tools/infrastructure taking up 20%.
- Notable investments include clinical trials marketplace Inato, anti-money-laundering startup Salv, cybersecurity startup GitGuardian, and Wayve, which recently raised $1.05B in a Series C round led by SoftBank for autonomous driving with self-learning technology.